Shares of seven jewellery makers rose by 0.94% to 9.24% at 13:25 IST on BSE on reports that the government and banks have agreed on how new rules on gold imports should work.
PC Jeweller (up 6.12%), Tribhovandas Bhimji Zaveri (up 3.92%), Shree Ganesh Jewellery House (up 2.79%), Gitanjali Gems (up 6.06%), Titan Industries (up 3.77%), Thangamayil Jewellery (up 9.24%) and Rajesh Exports (up 0.94%), edged higher.
The S&P BSE Sensex was down 336.89 points, or 1.66% at 19,926.82
Banks and other importers had halted gold imports because there was no clarity despite attempts by the central bank and customs authorities to ease confusion. India, the world's largest gold consumer, imports nearly all the gold it consumes.
Shares of seven jewellery makers also rose on hopes of strong demand ahead of festival season. The festive season starts with the Durga Puja in October. The festival is followed by Dussehra and Diwali.
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